Jongheon Lee, Kyungsook Park, Sohee Lee, Lee Dawon, Dong-Un Kim, Inho Lee and Euihwan Kim agreed to acquire 18.11% stake in Lucid Korea Co., Ltd. from MEDIANA Co.,Ltd (KOSDAQ:A041920) for KRW 12.9 billion on July 3, 2024. As part of consideration, KRW 12.9 billion is paid towards common equity of Lucid Korea Co., Ltd. For the period ending December 31, 2023, Lucid Korea Co., Ltd. reported total revenue of KRW 22.03 billion and net income of KRW 5.71 billion. As of December 31, 2023, Lucid Korea Co., Ltd. reported total debt of KRW 2.49 billion, total assets of KRW 35.05 billion and total common equity of KRW 32.56 billion.

The expected completion of the transaction is September 3, 2024.